Linde plc (LIN) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 12.75B | 13.32B | 13.33B | 13.63B | 13.6B | 12.95B | 13.46B | 12.84B | 13.1B | 12.62B | 11.74B | 11.41B | 12.9B | 13.05B | 11.2B | 11.27B | 12.26B | 10.16B | 12.01B | 10.45B |
| Cash & Short-Term Investments | 3.96B | 5.06B | 4.51B | 4.79B | 5.29B | 4.85B | 5.19B | 4.63B | 4.85B | 4.66B | 3.89B | 3.36B | 4.96B | 5.44B | 3.76B | 3.65B | 4.46B | 2.82B | 4.7B | 3.14B |
| Cash Only | 3.96B | 5.06B | 4.51B | 4.79B | 5.29B | 4.85B | 5.19B | 4.63B | 4.85B | 4.66B | 3.89B | 3.36B | 4.96B | 5.44B | 3.76B | 3.65B | 4.46B | 2.82B | 4.7B | 3.14B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 5.32B | 5.24B | 5.56B | 5.49B | 5.24B | 5.06B | 5.13B | 5.23B | 5.23B | 5.09B | 4.84B | 4.96B | 4.93B | 4.91B | 4.7B | 4.88B | 4.95B | 4.83B | 4.53B | 4.51B |
| Days Sales Outstanding | 54.1 | 56.66 | 59 | 57.49 | 57.17 | 56.59 | 56.99 | 57.53 | 57.96 | 55.05 | 55.27 | 54.81 | 54.02 | 55.97 | 50.12 | 52.87 | 53.57 | 51.9 | 54.28 | 52.74 |
| Inventory | 2.08B | 2.06B | 2.13B | 2.12B | 1.98B | 1.95B | 2.09B | 2.09B | 2.1B | 2.12B | 2.08B | 2.08B | 2.05B | 1.98B | 1.85B | 1.79B | 1.77B | 1.73B | 1.69B | 1.69B |
| Days Inventory Outstanding | 41.13 | 42.32 | 36.61 | 43.39 | 34.9 | 35.45 | 36.18 | 36.63 | 37.13 | 35.85 | 36.26 | 35.64 | 33.73 | 32.75 | 28.13 | 28.71 | 28.67 | 26 | 28.16 | 28.72 |
| Other Current Assets | 1.39B | 979M | 1.14B | 1.23B | 1.08B | 508M | 1.06B | 896M | 928M | 166M | 922M | 1.02B | 960M | 128M | 0 | 0 | 0 | 247M | 0 | 0 |
| Total Non-Current Assets | 73.56B | 73.49B | 72.66B | 72.45B | 69.11B | 67.2B | 69.09B | 67.37B | 67.25B | 68.19B | 66.09B | 67.31B | 67.4B | 66.61B | 63.12B | 66.61B | 70.51B | 71.45B | 72.18B | 73.9B |
| Property, Plant & Equipment | 28.56B | 28.26B | 27.54B | 26.93B | 25.71B | 25.76B | 25.12B | 24.57B | 24.42B | 25.49B | 23.62B | 23.81B | 23.8B | 23.55B | 22.59B | 23.99B | 25.59B | 26B | 26.18B | 26.92B |
| Fixed Asset Turnover | 0.31x | 0.31x | 0.32x | 0.32x | 0.32x | 0.33x | 0.34x | 0.34x | 0.32x | 0.34x | 0.34x | 0.34x | 0.35x | 0.34x | 0.38x | 0.34x | 0.32x | 0.32x | 0.29x | 0.28x |
| Goodwill | 27.88B | 27.93B | 27.83B | 27.81B | 26.51B | 25.94B | 27.11B | 26.36B | 26.29B | 26.75B | 25.95B | 26.46B | 26.42B | 25.82B | 24.57B | 25.68B | 26.82B | 27.04B | 27.18B | 27.62B |
| Intangible Assets | 11.67B | 11.87B | 11.93B | 12.08B | 11.56B | 11.33B | 12.11B | 11.85B | 12B | 12.4B | 12.09B | 12.51B | 12.64B | 12.42B | 11.81B | 12.63B | 13.51B | 13.8B | 14.05B | 14.49B |
| Long-Term Investments | 0 | 0 | 236M | 63M | 0 | 2.24B | 5M | 3M | 57M | 2.38B | 44M | 55M | 30M | 2.53B | 6M | 3M | 18M | 2.64B | 0 | 0 |
| Other Non-Current Assets | 5.45B | 5.43B | 5.13B | 5.57B | 5.33B | 1.51B | 4.74B | 4.58B | 4.54B | 948M | 4.42B | 4.53B | 4.55B | 2.06B | 4.16B | 4.31B | 4.59B | 1.72B | 4.78B | 4.87B |
| Total Assets | 86.31B | 86.82B | 85.99B | 86.08B | 82.7B | 80.15B | 82.55B | 80.22B | 80.35B | 80.81B | 77.83B | 78.72B | 80.31B | 79.66B | 74.32B | 77.89B | 82.77B | 81.61B | 84.19B | 84.34B |
| Asset Turnover | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.10x | 0.12x | 0.11x | 0.10x | 0.10x | 0.09x | 0.09x |
| Asset Growth % | 4.37% | 8.32% | 4.18% | 7.31% | 2.93% | -0.82% | 6.06% | 1.9% | 0.05% | 1.45% | 4.71% | 1.07% | -2.97% | -2.39% | -11.72% | -7.66% | -2.62% | -7.51% | -3.46% | -1.76% |
| Total Current Liabilities | 15.39B | 15.2B | 16.19B | 14.71B | 14.48B | 14.54B | 14.05B | 13.5B | 14.39B | 15.72B | 14.16B | 14.55B | 17.79B | 16.48B | 15.06B | 15.29B | 14.51B | 13.64B | 14.76B | 14.68B |
| Accounts Payable | 2.66B | 2.81B | 2.65B | 2.59B | 2.45B | 2.51B | 2.85B | 2.86B | 2.88B | 3.02B | 2.75B | 2.98B | 2.94B | 3B | 3.07B | 3.36B | 3.39B | 3.5B | 3.07B | 3.14B |
| Days Payables Outstanding | 54.41 | 55.2 | 45.13 | 53.25 | 43.99 | 47.05 | 49.36 | 50.17 | 52.02 | 49.33 | 49.96 | 51.04 | 49.66 | 51.8 | 49.66 | 54.53 | 56.45 | 49.87 | 51.66 | 51.63 |
| Short-Term Debt | 4.82B | 6.31B | 7.33B | 6.22B | 6.29B | 6.28B | 4.79B | 4.59B | 5.09B | 5.98B | 4.77B | 3.96B | 7.03B | 5.72B | 4.73B | 4.87B | 3.62B | 2.87B | 5.19B | 5.51B |
| Deferred Revenue (Current) | 0 | 1.23B | 1.28B | 1.26B | 1.2B | 1.19B | 1.73B | 1.77B | 1.83B | 1.9B | 1.99B | 3.25B | 3.07B | 3.07B | 2.9B | 2.93B | 3.04B | 2.94B | 2.21B | 1.79B |
| Other Current Liabilities | 10.57B | 4.85B | 4.93B | 4.64B | 4.55B | 1.27B | 4.69B | 4.29B | 4.58B | 3.22B | 4.66B | 4.37B | 4.74B | 3.19B | 4.36B | 4.14B | 4.46B | 2.89B | 4.29B | 4.24B |
| Current Ratio | 0.83x | 0.88x | 0.82x | 0.93x | 0.94x | 0.89x | 0.96x | 0.95x | 0.91x | 0.80x | 0.83x | 0.78x | 0.73x | 0.79x | 0.74x | 0.74x | 0.84x | 0.74x | 0.81x | 0.71x |
| Quick Ratio | 0.69x | 0.74x | 0.69x | 0.78x | 0.80x | 0.76x | 0.81x | 0.80x | 0.76x | 0.67x | 0.68x | 0.64x | 0.61x | 0.67x | 0.62x | 0.62x | 0.72x | 0.62x | 0.70x | 0.60x |
| Cash Conversion Cycle | 40.81 | 43.78 | 50.48 | 47.63 | 48.08 | 44.99 | 43.81 | 43.99 | 43.07 | 41.56 | 41.57 | 39.42 | 38.1 | 36.92 | 28.59 | 27.04 | 25.78 | 28.03 | 30.78 | 29.83 |
| Total Non-Current Liabilities | 30.83B | 31.88B | 29.71B | 31.38B | 28.76B | 26.11B | 27.89B | 27.16B | 25.73B | 24B | 23.43B | 22.92B | 21.19B | 21.79B | 20.32B | 21.55B | 23.87B | 22.52B | 23.7B | 22.44B |
| Long-Term Debt | 19.86B | 20.68B | 18.59B | 19.7B | 17.61B | 15.34B | 17.48B | 16.93B | 15.23B | 13.4B | 13.23B | 13.53B | 11.74B | 12.2B | 10.61B | 11.18B | 12.83B | 11.34B | 11.54B | 9.98B |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 756M | 0 | 0 | 0 | 715M | 0 | 0 | 0 | 654M | 0 | 0 | 0 | 747M | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7B | 0 | 0 |
| Other Non-Current Liabilities | 10.97B | 11.2B | 9.93B | 11.68B | 11.15B | 10.02B | 10.42B | 10.23B | 10.5B | 9.89B | 10.2B | 9.39B | 9.44B | 8.94B | 9.71B | 10.37B | 11.04B | 10.44B | 12.16B | 12.46B |
| Total Liabilities | 46.22B | 47.08B | 45.91B | 46.09B | 43.24B | 40.66B | 41.94B | 40.66B | 40.12B | 39.72B | 37.59B | 37.47B | 38.97B | 38.27B | 35.38B | 36.84B | 38.38B | 36.16B | 38.45B | 37.12B |
| Total Debt | 24.68B | 26.99B | 25.93B | 25.92B | 23.9B | 22.61B | 22.26B | 21.52B | 20.32B | 20.32B | 18B | 17.49B | 18.78B | 18.79B | 15.34B | 16.04B | 16.46B | 15.22B | 16.73B | 15.49B |
| Net Debt | 20.72B | 21.93B | 21.42B | 21.13B | 18.6B | 17.76B | 17.07B | 16.89B | 15.47B | 15.65B | 14.11B | 14.13B | 13.81B | 13.36B | 11.58B | 12.39B | 11.99B | 12.39B | 12.03B | 12.36B |
| Debt / Equity | 0.62x | 0.68x | 0.65x | 0.65x | 0.61x | 0.57x | 0.55x | 0.54x | 0.51x | 0.49x | 0.45x | 0.42x | 0.45x | 0.45x | 0.39x | 0.39x | 0.37x | 0.33x | 0.37x | 0.33x |
| Debt / EBITDA | 9.90x | 9.09x | 7.85x | 7.86x | 7.63x | 7.27x | 7.09x | 6.85x | 6.80x | 6.77x | 6.01x | 5.79x | 6.47x | 7.03x | 5.02x | 5.21x | 5.45x | 5.98x | 6.77x | 6.11x |
| Net Debt / EBITDA | 8.31x | 7.39x | 6.48x | 6.41x | 5.94x | 5.71x | 5.44x | 5.38x | 5.18x | 5.22x | 4.71x | 4.68x | 4.76x | 5.00x | 3.79x | 4.02x | 3.97x | 4.87x | 4.87x | 4.88x |
| Interest Coverage | 40.21x | 32.42x | 30.58x | 36.01x | - | 10.75x | - | 31.04x | 37.49x | 10.24x | 29.04x | 251.50x | 54.92x | 191.44x | 64.38x | 47.14x | 81.79x | 24.77x | - | 42.89x |
| Total Equity | 40.08B | 39.74B | 40.09B | 39.99B | 39.46B | 39.49B | 40.6B | 39.55B | 40.23B | 41.09B | 40.24B | 41.25B | 41.34B | 41.39B | 38.94B | 41.04B | 44.39B | 45.44B | 45.74B | 47.23B |
| Equity Growth % | 1.56% | 0.64% | -1.27% | 1.1% | -1.9% | -3.91% | 0.91% | -4.11% | -2.68% | -0.71% | 3.34% | 0.51% | -6.88% | -8.92% | -14.86% | -13.1% | -6.81% | -8.35% | -5.88% | -1.48% |
| Book Value per Share | 85.95 | 84.79 | 85.02 | 84.43 | 82.86 | 82.46 | 84.43 | 81.86 | 82.85 | 84.17 | 81.94 | 83.57 | 83.39 | 83.12 | 77.70 | 81.22 | 86.80 | 88.02 | 87.94 | 90.18 |
| Total Shareholders' Equity | 38.57B | 38.24B | 38.62B | 38.52B | 38.03B | 38.09B | 39.17B | 38.18B | 38.83B | 39.72B | 38.9B | 39.91B | 39.97B | 40.03B | 37.63B | 39.67B | 42.96B | 44.03B | 44.32B | 45.78B |
| Common Stock | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 0 | 0 | 0 | 1M | 1M | 1M | 1M | 1M | 1M | 1M |
| Retained Earnings | 17.64B | 16.61B | 15.8B | 14.6B | 13.54B | 12.63B | 11.59B | 10.72B | 9.71B | 8.85B | 7.94B | 7.02B | 6.09B | 20.54B | 19.84B | 19.16B | 19.39B | 18.71B | 18.24B | 17.82B |
| Treasury Stock | 0 | -11.56B | -10.18B | -9.24B | -8.15B | -7.25B | -5.93B | -5.31B | -3.92B | -3.13B | -2.17B | -1.01B | -171M | -14.74B | -14.13B | -13B | -11.46B | -9.81B | -8.52B | -7.34B |
| Accumulated OCI | -6.15B | -6.23B | -6.41B | -6.25B | -6.77B | -6.89B | -6.06B | -6.79B | -6.53B | -5.8B | -6.68B | -5.9B | -5.81B | -5.78B | -8.09B | -6.47B | -4.94B | -5.05B | -5.62B | -4.91B |
| Minority Interest | 13M | 1.5B | 1.47B | 1.47B | 1.43B | 1.4B | 1.43B | 1.37B | 1.4B | 1.38B | 1.34B | 1.34B | 1.37B | 1.36B | 1.31B | 1.37B | 1.43B | 1.41B | 1.41B | 1.45B |